NRG CEO Form 4: 793-share acquisition via dividend equivalents

NRG Energy, Inc. reported an insider transaction by its President & CEO and Director.

Rhea-AI Filing Summary

NRG Energy, Inc. reported an insider transaction by its President & CEO and Director. On 11/03/2025, the reporting person acquired 793 shares of common stock at $0 per share.

According to the footnote, these reflect dividend equivalent rights accrued on deferred stock units and/or restricted stock units, which become exercisable proportionately with the underlying units and may only be settled in NRG common stock.

Following the transaction, the reporting person beneficially owned 426,767 shares directly. The filing notes a de minimis 2-share rounding adjustment and includes 23,617 dividend equivalent rights.

Insider Trade Summary

Grant/Award: 793 shares

Grant/Award 1 txn

Insider COBEN LAWRENCE S

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01 per share	793	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $.01 per share — 426,767 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalent rights accrued on the Reporting Person's deferred stock units and/or restricted stock units, which become exercisable proportionately with the underlying units to which they relate and may only be settled in NRG common stock. Reflects a de minimus adjustment of 2 securit(ies) beneficially owned following the reported transaction as a result of fractional rounding. Includes 23,617 dividend equivalent rights.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NRG (NRG) disclose in this Form 4?

An insider who is President & CEO and Director acquired 793 common shares on 11/03/2025 at $0 per share.

How many NRG shares does the insider own after the transaction?

The reporting person beneficially owned 426,767 shares directly following the reported transaction.

What is the nature of the 793 shares reported by NRG's insider?

They represent dividend equivalent rights accrued on deferred stock units and/or RSUs, settling only in NRG common stock.

Why is the transaction price listed as $0?

Per the footnote, the shares reflect accrued dividend equivalent rights, not an open-market purchase, resulting in a $0 price.

Were there any adjustments mentioned in the filing?

Yes. It notes a de minimis 2-share rounding adjustment and includes 23,617 dividend equivalent rights.

What roles does the reporting person hold at NRG (NRG)?

The reporting person is both President & CEO and a Director of NRG Energy, Inc.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/05/2025 - 05:40 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

COBEN LAWRENCE S

(Last) (First) (Middle)

804 CARNEGIE CENTER

(Street)

PRINCETON NJ 08540

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NRG ENERGY, INC. [ NRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01 per share	11/03/2025		A		793	A	$0(1)	426,767	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent rights accrued on the Reporting Person's deferred stock units and/or restricted stock units, which become exercisable proportionately with the underlying units to which they relate and may only be settled in NRG common stock. Reflects a de minimus adjustment of 2 securit(ies) beneficially owned following the reported transaction as a result of fractional rounding. Includes 23,617 dividend equivalent rights.

	Christine Zoino, by Power of Attorney	11/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.